The news these days seems to have a mix of highs & lows, and yet the real estate market continues to fuel the economy. This year, the timeline for the "hot" summer season has been delayed a bit due to COVID19, It appears we will continue with brisk sales as we move into the Fall months. There will be some seasonal slowing, but due to the shortage in houses for sale, numbers will remain strong as inventory remains at the lowest level in years..
"It is a seller's market but also a good time
to buy as interest rates remain at all time lows."
Consider the following:
- Home values are on the rise
- Interest rates at near all-time lows of 2.88%
- Inventory remains at constantly low levels
- Price your home properly and you will sell in a timely manner
- Know your budget and get pre-qualified for a loan, if purchasing
- Nationals average home value over $700,000
- Retail sales on the rise
- Unemployment on the decline
What really contributes to the value of any property is based on a few key components, and it is a known fact that your home is one of the biggest assets in anyone's portfolio. That being the case, in order to maintain, protect, and keep the asset healthy, it does require some attention.
Consider the following that will continue to hold & add value to your residence or investment property regardless of the economic status of our country.
- Curb side appeal
- Front entry inviting
- Landscaping maintained
- Interior paint
- Kitchen updated and current
- Outdoor entertainment and living space
- Lighting updated to LED
- Entertainment and sound systems
- Pest & Termite
- Roof Condition
- Homeowner's Insurance
The challenge today is to try and understand exactly what’s going on and what it means relative to the road ahead. It continues to be a moving target. But what we do know is the value of your home has never been higher, and the interest rate for home loans has never been lower! Don't wait - call me today or simply respond to this email to discuss your selling & purchase options in this extremely hot market!
Stay safe, healthy, and yes ... we are making progress.
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